AfrElec - Africa Power Monitor
UK to support climate adaption across Africa with $195mn commitment
The UK announced at COP26 GBP143.5mn ($195mn) of new and existing funding to support African governments to roll out critical adaptation projects so at-risk communities can adapt to the impact of extreme weather and changing climates.
Morocco and Egypt lead African countries commit to end coal
A swathe of African countries signed up to Global Coal to Clean Power Transition Statement at COP26 on November 4, with Morocco and Egypt both making substantial commitment.
South Africa becomes poster boy for just transition in developing world
South Africa is to benefit from ZAR131bn ($8.5bn) of climate finance from the world’s richest countries in a bid to meet the targets of the Paris Agreement and to reduce significantly the country’s reliance on coal power.
Coal dominates at COP26 as more countries join the clean transition
Poland, Ukraine, Vietnam and a host of other major coal-burning countries made clear commitments to phase out coal power in the coming years, as the UK presidency of COP26 claimed that “the end of coal is in sight”.
IEA aims to forge stronger global regulation of energy transition
The International Energy Agency launched at COP26 a new Regulatory Energy Transition Accelerator, which aims to improve the regulatory capacity needed to decarbonise energy systems and meet the 1.5°C targets.
Climate Investment Funds issues new generation of green bonds worth $500mn
The World Bank has backed the issue of $500mn of green bonds ever year for 10 years in a bid to raise private capital to scale up clean energy and sustainable infrastructure in emerging economies.
World finally commits to $100bn of climate finance for global south
UK Chancellor Rishi Sunak said at COP26 that the world’s rich nations would make good on their promise of $100bn per year of climate financing for poor countries by 2023.
UK, India launch Green Grids Initiative at COP26
Equatorial Guinea’s mining and hydrocarbon ministry biggest African Energy Week sponsor
COP26 finds renewed commitment to 1.5°C
The US has joined the High Ambition Coalition and has signed up to the goal of limiting global warming to 1.5°C by 2100, halving global emissions by 2030 and making good on the promise of $100bn per year of climate finance for poor nations.
South Africa will need money to meet its climate targets and go green - SA president
Power theft and inefficiencies hinder Ghana’s energy debt recovery, says energy consultant
AfrElec: KenGen posts $132.7mn profit before tax in FY2020-21
Mixed outlook for COP26 as leaders embark on search for agreement
COP26 is trying to put flesh on the bones of the targets and promises made at the 2015 Paris meeting.
Climate change to cause devastating migration levels in Africa
Africa is set to be hit the hardest by climate change, with up to 86mn Africans migrating within their own countries by 2050, the World Bank has warned in its new Groundswell Africa report.
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